Latest Key Developments (Source: Significant Developments)

May 23 (Reuters) - Provident Financial PLC ::LAUNCH AND PRICE OF £250 MILLION BOND ISSUE.ANNOUNCES THAT IT HAS LAUNCHED AND PRICED £250 MILLION 5 YEAR FIXED RATE BONDS.BONDS WILL CARRY A SEMI-ANNUAL COUPON OF 7% AND WILL BE ISSUED UNDER £2,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME.INTENDS TO USE SOME OR ALL OF PROCEEDS TO FINANCE ITS TENDER OFFER FOR UP TO £250M OF EXISTING BONDS MATURING IN OCTOBER 2019.
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May 9 (Reuters) - Provident Financial PLC ::RECOVERY PLAN ON TRACK AND HOME CREDIT BUSINESS DELIVERED GOOD COLLECTIONS PERFORMANCE DURING CRITICAL Q1 TRADING PERIOD.EACH OF GROUP'S THREE BUSINESSES HAVE STARTED 2018 WITH POSITIVE MOMENTUM.VANQUIS BANK HAS DELIVERED PROFIT AHEAD OF PLAN IN Q1 AS A RESULT OF ROBUST MARGINS AND OPERATIONAL LEVERAGE.MONEYBARN DELIVERED STRONG NEW BUSINESS VOLUMES AND LEAD INDICATORS SHOW DELINQUENCY TRENDS ARE NOW IMPROVING.PROCESS TO RECRUIT NEW CHAIRMAN AND ADDITIONAL NON-EXECUTIVE DIRECTORS IS WELL UNDERWAY.FOLLOWING RIGHTS ISSUE GROUP'S CAPITAL POSITION AND LIQUIDITY ARE BOTH STRONG.VANQUIS BANK CUSTOMER NUMBERS ENDED Q1 AT 1,723,000, 7.8% HIGHER THAN LAST YEAR.HOME CREDIT ACTIVE CUSTOMER NUMBERS ENDED Q1 AT 491,000, DOWN FROM 527,000 AT DECEMBER 2017, REFLECTING TYPICAL SEASONAL REDUCTION.MANAGEMENT HEAVILY FOCUSED ON CONTINUING CONSTRUCTIVE RELATIONSHIP WITH REGULATOR, INCLUDING IN RESPECT OF FCA'S WIDER REVIEW OF HOME CREDIT MARKET.HOME CREDIT BUSINESS EXPECTED TO RETURN TO BREAKEVEN ON ANNUALISED RUN RATE BASIS DURING H2 2018 AND MOVE INTO PROFITABILITY IN 2019.SATSUMA UNDERWRITING STANDARDS HAVE BEEN FURTHER TIGHTENED DURING Q1.FOCUS IN 2018 FOR HOME CREDIT WILL REMAIN ON COMPLETION OF RECOVERY PLAN AND SECURING FULL REGULATORY AUTHORISATION."MONEYBARN CONTINUES TO WORK WITH FCA IN RESPECT OF ONGOING INVESTIGATION INTO AFFORDABILITY, FORBEARANCE AND TERMINATION OPTIONS".
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Jan 16 (Reuters) - Provident Financial Plc ::CCD IS EXPECTED TO REPORT A FY PRE-EXCEPTIONAL LOSS OF C.£120M WHICH IS AT UPPER END OF GUIDANCE PROVIDED IN AUGUST 2017 .TRADING STATEMENT.VANQUIS BANK AND MONEYBARN HAVE BOTH TRADED SATISFACTORILY THROUGH FINAL QUARTER OF YEAR.VANQUIS BANK AND MONEYBARN HAVE BOTH COMMENCED DIALOGUE WITH FINANCIAL CONDUCT AUTHORITY (FCA).HOME CREDIT BUSINESS IS ANNOUNCING A PROPOSED RATIONALISATION OF ITS CENTRAL SUPPORT FUNCTIONS WHICH IS SUBJECT TO WORKFORCE CONSULTATION.
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Jan 15 (Reuters) - Non-Standard Finance Plc ::NON-STANDARD FINANCE PLC - AT 31 DECEMBER 2017 NET LOAN BOOK HAD REACHED £148.5M (2016: £122.4M), AN INCREASE OF 21% VERSUS PRIOR YEAR.NON-STANDARD FINANCE PLC - REMAIN ON COURSE TO OPEN A FURTHER 12 NEW LOCATIONS DURING FIRST HALF OF 2018, INCREASING OUR NETWORK TO 65 BRANCHES.NON-STANDARD FINANCE PLC - AT LOANS AT HOME, VALUE OF OUR NET LOAN BOOK AT 31 DECEMBER 2017 WAS UP BY 53% TO £51.2M (2016: £33.4M).NON-STANDARD FINANCE PLC -NET LOAN BOOK DRIVEN IN LARGE PART BY ADDITION OF 442 NEW AGENTS THAT JOINED NETWORK DURING YEAR.NON-STANDARD FINANCE PLC - ALSO HELPED TO DRIVE CUSTOMER NUMBERS THAT REACHED 104,100 AT 31 DECEMBER 2017 (2016: 93,600).
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Dec 5 (Reuters) - Provident Financial Plc ::HAS BEEN INFORMED THAT FINANCIAL CONDUCT AUTHORITY (FCA) HAS COMMENCED AN INVESTIGATION INTO MONEYBARN.INVESTIGATION IN RELATION TO PROCESSES APPLIED TO AFFORDABILITY ASSESSMENTS FOR VEHICLE FINANCE AND TREATMENT IN FINANCIAL DIFFICULTIES.AIMS TO ACT RESPONSIBLY IN ALL ITS RELATIONSHIPS, AND TO PLAY A POSITIVE ROLE IN COMMUNITIES IT SERVES.FCA HAS CONTINUED TO DISCUSS CERTAIN PROCESSES WITH MONEYBARN AND MONEYBARN HAS MADE A NUMBER OF PROCESS IMPROVEMENTS.
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